broker/dealer
Definition
Any individual or firm in the business of buying and selling securities for itself and others. Broker/dealers must register with the SEC. When acting as a broker, a broker/dealer executes orders on behalf of his/her client. When acting as a dealer, a broker/dealer executes trades for his/her firm's own account. Securities bought for the firm's own account may be sold to clients or other firms, or become a part of the firm's holdings.
This content can be found on the following page:
http://www.investorwords.com/589/broker_dealer.html
email to a friend
 print this definition
 cite this definition
 link to this page
Copy and paste this HTML in your website to link to this page
Related terms:
public limited partnership, customer protection rule, reallowance, Federal Call, Regulation T, firewall, Rule 15c3-1, front-ending an order, Securities Industry Association, house and 
Related Research Articles from the InvestorGuide.com University
Stock Regulations
Explore the ins and outs of the SEC, the NASD, and illegal insider trading.
Principles of Investing
Here are the seven fundamental principles of investing that every investor should know. Topics include knowing your current situation, goals and risk tolerance; getting your finances in order; thinking long term and focusing on stocks; researching and monitoring your investments; and knowing when and how to get financial help.
The Stock Market
Learn the lingo of "the market," as well as theories about market behavior, such as random walk, behavioral finance theory, and what makes a market efficient.
Featured Sponsor
|
